The United States Has a Comparative Advantage in Producing Cotton

question 162

Multiple Choice

The United States has a comparative advantage in producing cotton if the U.S. price of cotton before international trade is ________ the world price.

• A) less than
• B) equal to
• C) greater than
• D) not comparable to

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Definitions:

Effectiveness

Effectiveness is the degree to which something achieves its intended outcome or results in a successful, desired effect.

Developing Group

The process of forming and establishing a group with common goals or interests.

Observational Measures

are methods of assessing behavior or phenomena as they naturally occur without manipulation or intervention by the observer.

Products

Items or goods that are manufactured, grown, or refined for sale.